Tullahoma USDA Loan Rates, Closing Costs & Stats

Tullahoma-Manchester, TN

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Tullahoma's 24 lenders originated 71 USDA loans during 2023. The total origination value was $17,015,000, with an average USDA loan value of $239,648.

    Tullahoma USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tullahoma averaged 6.14% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Tullahoma's average USDA mortgage closing costs are $5,278.

    The average rate for the prior week (2024-11-01) was 6.51% and one month ago for the week of 2024-10-04, the average rate was 6.04%.

    The average rate one year ago was 7.47%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.49%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Tullahoma USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tullahoma level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    First Vision Bank of Tennessee 14 6.28% $8,565
    FIRST COMMUNITY MORTGAGE, INC. 9 6.63% $8,927
    CMG MORTGAGE, INC. 6 5.96% $8,764
    UNITED WHOLESALE MORTGAGE, LLC 4 6.36% $9,894
    The First National Bank of Middle Tennessee 4 6.00% $7,037
    BROKER SOLUTIONS, INC. 3 5.87% $9,257
    FirstBank 3 6.29% $8,590
    Citizens Tri-County Bank 3 5.96% $7,189
    SeaTrust Mortgage Company 3 6.13% $7,934
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.29% $8,083
    ISERVE RESIDENTIAL LENDING, LLC 2 6.00% $8,205
    CHURCHILL MORTGAGE CORPORATION 2 6.62% $8,258
    Wilson Bank And Trust 1 8.00% $6,276
    CARDINAL FINANCIAL 1 5.13% $9,023
    CROSSCOUNTRY MORTGAGE, LLC 1 6.19% $10,575
    First Horizon Bank 1 5.75% $4,983
    GUARANTEED RATE, INC. 1 6.13% $8,522
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.25% $11,753
    MORTGAGE INVESTORS GROUP, INC. 1 6.00% $6,369
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $7,142
    Renasant Bank 1 6.63% $4,992
    STOCKTON MORTGAGE CORPORATION 1 7.00% $6,219
    SWBC MORTGAGE CORPORATION 1 6.75% $4,613
    UNION HOME MORTGAGE CORP. 1 6.13% $3,000

    The top Tullahoma USDA lender as defined by loan originations is First Vision Bank of Tennessee, with 14 USDA loans originated. Their average total fees are $8,565, which is $362 lower than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

    The lowest fee Tullahoma USDA lenders (with over 10 loans originated) are First Vision Bank of Tennessee ($8,565), .

    The lowest rate Tullahoma USDA lenders (with over 10 loans originated) are First Vision Bank of Tennessee (6.28%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $249,950 (16.8%) $370,871 (16.9%) 0.00 342
    2018-02-01 $272,450 (32.9%) $385,937 (22.8%) 0.00 331
    2018-03-01 $274,750 (29.0%) $384,268 (20.6%) 0.00 336
    2018-04-01 $289,925 (31.8%) $384,252 (16.1%) 0.00 332
    2018-05-01 $299,900 (11.1%) $396,499 (2.0%) 0.00 334
    2018-06-01 $299,900 (13.4%) $396,066 (3.7%) 0.00 359
    2018-07-01 $290,725 (2.0%) $394,660 (-0.2%) 0.00 363
    2018-08-01 $282,400 (2.7%) $385,054 (-0.1%) 0.00 366
    2018-09-01 $269,000 (1.6%) $368,345 (-2.2%) 0.00 373
    2018-10-01 $273,500 (2.3%) $372,273 (-2.0%) 0.00 376
    2018-11-01 $267,475 (7.1%) $361,724 (-2.8%) 0.00 374
    2018-12-01 $256,682 (0.7%) $341,417 (-9.9%) 0.00 368
    2019-01-01 $256,900 (2.8%) $339,364 (-8.5%) 0.00 345
    2019-02-01 $259,900 (-4.6%) $346,588 (-10.2%) 0.00 347
    2019-03-01 $276,329 (0.6%) $365,215 (-5.0%) 0.00 322
    2019-04-01 $282,079 (-2.7%) $375,686 (-2.2%) 0.00 302
    2019-05-01 $299,950 (0.0%) $388,965 (-1.9%) 0.00 316
    2019-06-01 $291,950 (-2.7%) $378,016 (-4.6%) 0.00 334
    2019-07-01 $298,450 (2.7%) $398,529 (1.0%) 0.00 341
    2019-08-01 $294,109 (4.2%) $396,035 (2.9%) 0.00 344
    2019-09-01 $288,423 (7.2%) $396,558 (7.7%) 0.00 357
    2019-10-01 $284,250 (3.9%) $396,907 (6.6%) 0.00 364
    2019-11-01 $269,500 (0.8%) $391,024 (8.1%) 0.00 348
    2019-12-01 $259,900 (1.3%) $368,098 (7.8%) 0.00 343
    2020-01-01 $256,900 (0.0%) $366,151 (7.9%) 0.00 317
    2020-02-01 $258,750 (-0.4%) $360,313 (4.0%) 0.00 302
    2020-03-01 $286,175 (3.6%) $385,580 (5.6%) 0.00 286
    2020-04-01 $279,900 (-0.8%) $379,841 (1.1%) 0.00 284
    2020-05-01 $306,990 (2.4%) $403,399 (3.7%) 0.00 255
    2020-06-01 $319,900 (9.6%) $404,349 (7.0%) 0.00 217
    2020-07-01 $316,950 (6.2%) $394,084 (-1.1%) 0.00 201
    2020-08-01 $329,900 (12.2%) $402,355 (1.6%) 0.00 178
    2020-09-01 $309,475 (7.3%) $407,296 (2.7%) 0.00 151
    2020-10-01 $314,500 (10.6%) $415,086 (4.6%) 0.00 149
    2020-11-01 $295,000 (9.5%) $424,355 (8.5%) 0.00 140
    2020-12-01 $279,900 (7.7%) $403,655 (9.7%) 0.00 139
    2021-01-01 $264,900 (3.1%) $382,155 (4.4%) 0.00 135
    2021-02-01 $289,900 (12.0%) $398,589 (10.6%) 0.00 119
    2021-03-01 $296,925 (3.8%) $414,898 (7.6%) 0.00 107
    2021-04-01 $346,225 (23.7%) $492,318 (29.6%) 0.00 100
    2021-05-01 $409,900 (33.5%) $478,188 (18.5%) 0.00 117
    2021-06-01 $382,425 (19.6%) $515,365 (27.5%) 0.00 119
    2021-07-01 $369,400 (16.6%) $497,886 (26.3%) 0.00 148
    2021-08-01 $382,450 (15.9%) $505,060 (25.5%) 0.00 171
    2021-09-01 $386,950 (25.0%) $511,043 (25.5%) 0.00 186
    2021-10-01 $379,450 (20.7%) $552,163 (33.0%) 0.00 174
    2021-11-01 $389,450 (32.0%) $570,183 (34.4%) 0.00 178
    2021-12-01 $374,900 (33.9%) $568,604 (40.9%) 0.00 159
    2022-01-01 $374,900 (41.5%) $560,458 (46.7%) 0.00 135
    2022-02-01 $394,625 (36.1%) $570,936 (43.2%) 0.00 132
    2022-03-01 $381,675 (28.5%) $583,347 (40.6%) 0.00 147
    2022-04-01 $429,000 (23.9%) $574,105 (16.6%) 0.00 177
    2022-05-01 $432,400 (5.5%) $601,859 (25.9%) 0.00 219
    2022-06-01 $449,900 (17.6%) $599,590 (16.3%) 0.00 276
    2022-07-01 $446,700 (20.9%) $588,737 (18.3%) 0.00 319
    2022-08-01 $457,400 (19.6%) $606,590 (20.1%) 0.00 344
    2022-09-01 $467,425 (20.8%) $637,291 (24.7%) 0.00 346
    2022-10-01 $399,900 (5.4%) $593,989 (7.6%) 0.00 421
    2022-11-01 $399,900 (2.7%) $567,578 (-0.5%) 0.00 419
    2022-12-01 $399,900 (6.7%) $570,546 (0.3%) 0.00 397
    2023-01-01 $384,925 (2.7%) $569,514 (1.6%) 0.00 378
    2023-02-01 $384,950 (-2.5%) $580,838 (1.7%) 0.00 351
    2023-03-01 $389,675 (2.1%) $583,695 (0.1%) 0.00 349
    2023-04-01 $479,900 (11.9%) $636,215 (10.8%) 0.00 328
    2023-05-01 $479,900 (11.0%) $622,138 (3.4%) 0.00 351
    2023-06-01 $479,450 (6.6%) $610,798 (1.9%) 0.00 384
    2023-07-01 $474,900 (6.3%) $584,930 (-0.7%) 0.00 360
    2023-08-01 $456,675 (-0.2%) $574,452 (-5.3%) 0.00 374
    2023-09-01 $449,900 (-3.8%) $588,262 (-7.7%) 0.00 392
    2023-10-01 $441,475 (10.4%) $566,677 (-4.6%) 0.00 413
    2023-11-01 $399,900 (0.0%) $524,203 (-7.6%) 0.00 461
    2023-12-01 $399,500 (-0.1%) $505,530 (-11.4%) 0.00 476
    2024-01-01 $398,500 (3.5%) $507,002 (-11.0%) 0.00 424
    2024-02-01 $409,925 (6.5%) $522,481 (-10.1%) 0.00 421
    2024-03-01 $434,900 (11.6%) $539,739 (-7.5%) 0.00 397
    2024-04-01 $446,650 (-6.9%) $572,564 (-10.0%) 0.00 398
    2024-05-01 $444,425 (-7.4%) $591,292 (-5.0%) 0.00 430
    2024-06-01 $440,000 (-8.2%) $579,546 (-5.1%) 0.00 477
    2024-07-01 $427,575 (-10.0%) $562,420 (-3.9%) 0.00 480
    2024-08-01 $409,900 (-10.2%) $539,556 (-6.1%) 0.00 494
    2024-09-01 $399,450 (-11.2%) $530,989 (-9.7%) 0.00 530
    2024-10-01 $395,950 (-10.3%) $536,101 (-5.4%) 0.00 543
    Tullahoma's median listing price for 2024-10-01 was $395,950, a difference of $-45,525 (-10.3%) versus the prior year and $-3,500 versus the prior month.

    Tullahoma's median listing price comes in at 0% of the national average.

    Tullahoma's average listing price for 2024-10-01 was $536,101, a difference of $-30,576 (-5.4%) versus the prior year and $5,112 versus the prior month.

    For the 2024-10-01 period, Tullahoma had 543 MLS listings, a difference of 13 listings (2%) versus the prior month and 130 listings (31%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,220 sqft
    2018-02-01 0 days 2,289 sqft
    2018-03-01 0 days 2,279 sqft
    2018-04-01 0 days 2,297 sqft
    2018-05-01 0 days 2,420 sqft
    2018-06-01 0 days 2,421 sqft
    2018-07-01 0 days 2,419 sqft
    2018-08-01 0 days 2,308 sqft
    2018-09-01 0 days 2,280 sqft
    2018-10-01 0 days 2,242 sqft
    2018-11-01 0 days 2,255 sqft
    2018-12-01 0 days 2,149 sqft
    2019-01-01 0 days 2,153 sqft
    2019-02-01 0 days 2,176 sqft
    2019-03-01 0 days 2,273 sqft
    2019-04-01 0 days 2,364 sqft
    2019-05-01 0 days 2,453 sqft
    2019-06-01 0 days 2,400 sqft
    2019-07-01 0 days 2,405 sqft
    2019-08-01 0 days 2,345 sqft
    2019-09-01 0 days 2,295 sqft
    2019-10-01 0 days 2,262 sqft
    2019-11-01 0 days 2,240 sqft
    2019-12-01 0 days 2,109 sqft
    2020-01-01 0 days 2,088 sqft
    2020-02-01 0 days 2,061 sqft
    2020-03-01 0 days 2,220 sqft
    2020-04-01 0 days 2,200 sqft
    2020-05-01 0 days 2,269 sqft
    2020-06-01 0 days 2,285 sqft
    2020-07-01 0 days 2,259 sqft
    2020-08-01 0 days 2,226 sqft
    2020-09-01 0 days 2,166 sqft
    2020-10-01 0 days 2,181 sqft
    2020-11-01 0 days 2,099 sqft
    2020-12-01 0 days 1,988 sqft
    2021-01-01 0 days 1,938 sqft
    2021-02-01 0 days 1,920 sqft
    2021-03-01 0 days 1,859 sqft
    2021-04-01 0 days 1,888 sqft
    2021-05-01 0 days 1,915 sqft
    2021-06-01 0 days 1,987 sqft
    2021-07-01 0 days 1,959 sqft
    2021-08-01 0 days 2,057 sqft
    2021-09-01 0 days 2,080 sqft
    2021-10-01 0 days 2,180 sqft
    2021-11-01 0 days 2,140 sqft
    2021-12-01 0 days 2,069 sqft
    2022-01-01 0 days 2,019 sqft
    2022-02-01 0 days 2,030 sqft
    2022-03-01 0 days 2,008 sqft
    2022-04-01 0 days 2,040 sqft
    2022-05-01 0 days 2,118 sqft
    2022-06-01 0 days 2,223 sqft
    2022-07-01 0 days 2,187 sqft
    2022-08-01 0 days 2,090 sqft
    2022-09-01 0 days 2,114 sqft
    2022-10-01 0 days 2,010 sqft
    2022-11-01 0 days 2,002 sqft
    2022-12-01 0 days 1,968 sqft
    2023-01-01 0 days 1,972 sqft
    2023-02-01 0 days 1,928 sqft
    2023-03-01 0 days 1,947 sqft
    2023-04-01 0 days 2,121 sqft
    2023-05-01 0 days 2,174 sqft
    2023-06-01 0 days 2,200 sqft
    2023-07-01 0 days 2,214 sqft
    2023-08-01 0 days 2,159 sqft
    2023-09-01 0 days 2,159 sqft
    2023-10-01 0 days 2,091 sqft
    2023-11-01 0 days 1,925 sqft
    2023-12-01 0 days 1,917 sqft
    2024-01-01 0 days 1,953 sqft
    2024-02-01 0 days 1,967 sqft
    2024-03-01 0 days 2,044 sqft
    2024-04-01 0 days 2,102 sqft
    2024-05-01 0 days 2,068 sqft
    2024-06-01 0 days 2,043 sqft
    2024-07-01 0 days 2,004 sqft
    2024-08-01 0 days 1,961 sqft
    2024-09-01 0 days 1,950 sqft
    2024-10-01 0 days 1,951 sqft
    Tullahoma's median listing age (time on market) for 2024-10-01 was 0 days.

    Tullahoma's median square footage for active listings during the 2024-10-01 period was 1,951 sqft. One year prior, the average listing was 2,091 sqft.